for purposes of the site…. there is typically Layoffs on last Tuesday of this month(in my opion). Remember, the only tool in the dinosaurs toolbox is to cutt headcount/offshore. Let’s thank our thoughtless leader.
Now, onto my rant…. The out of control stagecoach took a $1 billion dollar fine this month. Everyone can thank Wells Fargo’s thoughtless CEO for another fine(another fine 5 years later). Of course, the captain would take ownership of this, and said it was a result of past leadership. What a Jabroni!
So let’s think about this seriously, back when the thoughtless captain joined the bank I believe his statements were,” it will be a multi year effort to remediate WF legacy problems”. I heard him say this in their earnings calls myself! So here we are almost 5 years later and all we have seen this “multi-year effort” is multi-billion dollar fines, new issues, and scandals. Now he has insulated himself with his friends for them to take a fall, if needed(in my opinion).
The board will not own up to its failure and the failures of the individual they hired and continue to support with seven figure salary increases. So, of course he has to lay people off and blame others. I believe his original goal was to fix the asset cap, and cut 10 billion in expenses. The opposite has happened which equals FAILURE!
The bank has become a habitual offender(in my opinion). The captain steering the ship has gone madd. The board has gone completely senile. The fact that they continue to give this guy a multi million dollar raise on a year that he said he would not be excepting a raise is beyond me.
In my opinion, if any individual who is to perform their role and end up with these results after multiple years, would you give that person a raise? In my opinion, that person should be fired! The board has too much invested in this, and they must portray him as being successful in the interest of themselves and the interest of the eyes of the regulators.
Everything shared is public information. Take a look at your captains offer letter on the SEC website. We all know it doesn’t make any sense to RTO. However, take a look at his offer letter on the website, and you’ll see that he is provided a driver, a nice fancy car, and even use of the company jet all on the companies dime. There is no way this JABRONI is going to change his mind on this. While the troops are waiting in traffic for over an hour and putting where in tear on their vehicles, along with additional expenses. This is the definition of INNEQUALITY!
Speaking of inequality, let’s not all forget about the way our senile captain tried to fudge the diversity & inclusion numbers. This is all public knowledge.
Simple question: How can anyone be happy with this guy when we have been operating under a $1.9 trillion asset cap for almost 5 years. I thought this guy was brought in by the BOD to specifically fix the problem, not create new ones! It’s time for someone else to take the reins, clearly the stage coach is out of control. It is not good for anyone if it crashes!
People need to focus on the bigger picture and get rid of the current Jabroni at the top. This guy has single-handedly, ruined the work environment and miss portrays beyond belief. The fact that they brought this chump over from BNY Mellon where he alao tried to and failed on an RTO Policy.
His decisions are costing people jobs and more. The doofy dinosaur has no tools other than to offshore. Meanwhile, many American families will now have to be out of work due to this guys ridiculous policies and outdated practices. Let’s ALL not forget, the bank WAS AT $50 a share when they hired Deputy Doofus(almost 5 years ago). Ever since this chump took the reins, The bank is luckyy if it hits $40+ a share. I find this unacceptable. We can all thank the senile old fogey’s at the top who allows the bank to stay like this.
If we want to better the efficiencies at this company, then I think it’s time to start at the top. Five years later, and no results except an increase in fines, and scandals is ridiculous. How can they even justify giving this guy a seven figure pay increase this year when we are getting billion dollar fines! They’ve all gone madd I tell you!
Everything in this post is public knowledge and there is no reason that it should be removed. Don’t be hurt because I speakt he FACTS! “Mic drop”
#grassisgreener
#wellsfargoproblems
#WFProblems
#thefacts
#WFC
#WFJabrons